Pandora Drops 7%: Q4 Rev Beats, Q1, Year Views Miss

By Tiernan Ray

Shares of Internet radio purveyors Pandora (P) are down $3.23, or 9%, at $32.60, in late trading, after the company this afternoon reported Q4 revenue and earnings per share

Revenue in the three months ended in December rose to $200.8 million, yielding EPS of 12 cents.

Analysts had been modeling $175.7 million and 14 cents EPS.

For the current quarter, the company sees revenue in a range of $170 million to $176 million, below the average $176 million estimate. EPS is seen in a range of negative 14 cents to negative 16 cents per share, worse than the Street’s average estimate for a 12-cent loss per share.

For the full year, the company is forecasting $870 million to $890 million in revenue, below the consensus for $896 million.

About Tech Trader Daily

Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.